Watch List notes:

Banco Nacional Ultramarino, Portuguese Guinea, obverse proof for 2.50 escudos, 2 November 1944, blue and obverse and reverse die proof for 5 escudos, 2 January 1945, dark green, all with Joao Teixeira Pinto at left, sailing ship seal at right, arms at top centre, reverse woman seated on anchor, watching ships, at centre, text Pagavel na Colonia da Guine(Pick 25, 26 for type), typed printers annotations in margins, some dirt in margins, otherwise about uncirculated and very rare (3).

Estimate: £300 - £400